Recent price action shows weakness and volatility in Ethereum, with notable drops alongside broader crypto sell-offs:
$ETH has been trading near critical support levels (~$2,000–$2,300) after heavy liquidations in the crypto market, with around $2 billion in overall liquidations impacting major coins including Ethereum.
Broader risk-off sentiment hit crypto after macro developments pressured risk assets, pushing $ETH #lower with Bitcoin weakness.
Short-term technical indicators reflect choppy conditions and lack of a confirmed uptrend.
Key levels to watch:
Immediate support: ~$2,100–$2,200
Bearish trigger zone: below $2,000
Near-term resistance barriers: ~$3,100–$3,400
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ETH
1,927.21
-1.67%